Aura Group

AURA GROUP

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Aura ramps up property backed lending as banks pull back

 

In 2018 Aura Funds Management Pty Ltd (Aura) launched the Aura Property Credit Fund (the Fund), which aims to provide short term alternative funding solutions as the banks retreat and tighten lending criteria. The Fund provides an opportunity for its investors to benefit from the rising shift in the credit market from bank intermediations to non-banks.

Aura has been lending since 2014, but with the new fund it expects to ramp up activity more aggressively in 2019, leveraging its referral network.

Fund focus

The Fund provides commercial funding using a first mortgage on either residential or commercial properties, with the priority focus on exit strategies as opposed to serviceability. It is designed to provide relief in circumstances such as cash flow difficulties, business growth, working capital gaps or outstanding tax payments. The Fund will lend up to a loan-to-value ratio of 70% on a single asset for terms of up to 18 months.

Loan origination platform

With access to a strong proprietary origination platform which consists of finance brokers, accountants and financial planners, it targets to deploy $100m within the next 12 months.

About Aura

Aura has a track record of successful investments in alternative credit including its Aura High Yield SME Fund, which delivered cash yield of more than 10% pa net of fees and expenses to its investors in the fund’s last 17 months.

Aura Group is a global financial services business specializing in fund management, wealth management and corporate advisory. Collectively the group manages over $550m of assets across innovative investment products across a range of asset classes such as; Alternative Credit, Real Estate, Venture Capital & Private Equity and Listed Equities.

In 2018 Aura Funds Management Pty Ltd (Aura) launched the Aura Property Credit Fund (the Fund), which aims to provide short term alternative funding solutions as the banks retreat and tighten lending criteria. The Fund provides an opportunity for its investors to benefit from the rising shift in the credit market from bank intermediations to non-banks.

Aura has been lending since 2014, but with the new fund it expects to ramp up activity more aggressively in 2019, leveraging its referral network.

Fund focus

The Fund provides commercial funding using a first mortgage on either residential or commercial properties, with the priority focus on exit strategies as opposed to serviceability. It is designed to provide relief in circumstances such as cash flow difficulties, business growth, working capital gaps or outstanding tax payments. The Fund will lend up to a loan-to-value ratio of 70% on a single asset for terms of up to 18 months.

Loan origination platform

With access to a strong proprietary origination platform which consists of finance brokers, accountants and financial planners, it targets to deploy $100m within the next 12 months.

About Aura

Aura has a track record of successful investments in alternative credit including its Aura High Yield SME Fund, which delivered cash yield of more than 10% pa net of fees and expenses to its investors in the fund’s last 17 months.

Aura Group is a global financial services business specializing in fund management, wealth management and corporate advisory. Collectively the group manages over $550m of assets across innovative investment products across a range of asset classes such as; Alternative Credit, Real Estate, Venture Capital & Private Equity and Listed Equities.

 
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